Chubu Electric to invest ¥800 billion abroad by '30

Bloomberg

Chubu Electric Power Co., Japan's third-biggest energy utility, plans to invest as much as ¥800 billion overseas by 2030, increasing its foreign business by more than 10 times as domestic demand falls.

The Nagoya-based utility will invest ¥300 billion in overseas electricity generation and as much as ¥500 billion in businesses to procure fuel and develop renewable energy, according to Yuji Koyama, group leader of corporate planning and strategy. Chubu Electric has invested about ¥60 billion overseas, he said.